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president obama will make a major address tomorrow morning regarding the so-called fiscal cliff the country is facing. the president bush era tax cut set to expire the first of the year and defense medicare examine in line for deep cuts. yesterday president obama show add side we rarely see as he spoke with his chicago campaign staff about what they had achieved. >> i'm really proud of you and. [applause] and what you have done. >>reporter: obama campaign released that video today. >>> let's go back and talk about the weather where we started at the top and system moving around the bay area tonight. >> it's cold out there right now. sandhya is here. >> sure is. temperatures are really dropping. i have lowered the low temperatures wait until you see is what come by morning. bundle up heading out the door. we are still showing shower development right now as the cold unstable air continues to move in. we have snow still falling in the mountains north of clear lake, cobb mountain seen mixed precipitation and as we show you the north bay we are seeing some rainfall not snow right now around is
president obama will make a major address tomorrow morning regarding the so-called fiscal cliff the country is facing. the president bush era tax cut set to expire the first of the year and defense medicare examine in line for deep cuts. yesterday president obama show add side we rarely see as he spoke with his chicago campaign staff about what they had achieved. >> i'm really proud of you and. [applause] and what you have done. >>reporter: obama campaign released that video today....
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Nov 9, 2012
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in his speech this morning, president obama maintains that tax increases of people earning more than $200,000 a year are part of the solution. >> the most hurtful consequences of the fiscal clip come from increasing tax rates. ernst and young raising the top rates would destroy -- >> i'm not going to ask students and seniors and middle class families to pay down the entire deficit, where people like me, making over $250,000, are not asked to pay a dime more taxes. >> you saw house speaker, john boehner, there and he called the taxes a job killer. >> hurtful consequences of the fiscal clip come from increasing tax rates. ernst and young, raising the top rates would destroy nearly 700,000 jobs in our country. >> you would think there was a huge gam here, but what the budget report says is extending the bush era tax for everyone, what the republicans want, would create 8.1 million jobs, and increasing taxes on people making $250,000 a year would lower taxes for everyone else, but boost the gdp by 3% and create 6 million jobs. and the president said that's a 1 point difference, but conse
in his speech this morning, president obama maintains that tax increases of people earning more than $200,000 a year are part of the solution. >> the most hurtful consequences of the fiscal clip come from increasing tax rates. ernst and young raising the top rates would destroy -- >> i'm not going to ask students and seniors and middle class families to pay down the entire deficit, where people like me, making over $250,000, are not asked to pay a dime more taxes. >> you saw...
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Nov 9, 2012
11/12
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CNBC
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now that he's been re-elected, tomorrow president obama will finally tackle the fiscal cliff in a delivered statement. we are going to get you the details. there's been a 400-point-plus selloff since the election. we could be staring at a dividend tax and a capital gains tax hike. superstar investor ken hebner tells us how to get through this period. >>> also, american drone and international airspace days before the election and kept secret until now. is that a coincidence? >>> and on election day, voters in two states allowed recreational use of marijuana. is this the gateway to liberals legalizing rampant drug use in this country? janine turner is going to join us. >>> within the hour, word that president obama will make a statement on the fiscal cliff and the economy at 1:00 p.m. tomorrow. the congressional budget office issued a new scenario of what happens if the president and congress fail to act.
now that he's been re-elected, tomorrow president obama will finally tackle the fiscal cliff in a delivered statement. we are going to get you the details. there's been a 400-point-plus selloff since the election. we could be staring at a dividend tax and a capital gains tax hike. superstar investor ken hebner tells us how to get through this period. >>> also, american drone and international airspace days before the election and kept secret until now. is that a coincidence?...
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how has president obama handled the fiscal cliff? has he got the job done, will you blow it, or hassey kicked the can down the road? logons gerriwillis.com. >> by going over the fiscal cliff, a divided congress will hurt you and your kids when it comes to paying for college. will lawmakers get their act together in time? leader, more u.s. navy seals in hot water. fox news lis wiehl has the shocking new details on the "the willis report." follow the wings. [ male announcer ] do you have the legal protection you need? maybe you want to incorporate a business or protect your family with a will or living trust and you'd like the help of an attorney. at legalzoom, a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. get started at legalzoom.com today. take the steps to reach yours, everyowith usgoals. with real advice, for real goals. the us bank wealth management advisor can help you. every step of the way. from big steps, to
how has president obama handled the fiscal cliff? has he got the job done, will you blow it, or hassey kicked the can down the road? logons gerriwillis.com. >> by going over the fiscal cliff, a divided congress will hurt you and your kids when it comes to paying for college. will lawmakers get their act together in time? leader, more u.s. navy seals in hot water. fox news lis wiehl has the shocking new details on the "the willis report." follow the wings. [ male announcer ] do...
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Nov 9, 2012
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we will, of course, take you live to president obama's statement on the fiscal cliff. we're back in a moment. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >>> hi. we're counting down to the president who will speak at the top of the ho
we will, of course, take you live to president obama's statement on the fiscal cliff. we're back in a moment. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing...
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FOXNEWSW
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. >> andrea: we never heard of obama's fiscal cliff leading up to the election. >> dana: on the front page of the "new york times" today. coming up, the obama administration repeatedly blamed this american film-maker, right there, you see him, for attacksen in n libya and muslim riots in the middle east after september 11. now he is held in jail for a year. greg gutfeld has intriguing proposal for the president. it's worth sticking around for. be right back. ♪ ♪ 5-hour energy? 5-hour energy supports the avon foundation for women breast cancer crusade. so i can get the energized feeling i need and support a great cause? i'm sold. pink lemonade 5-hour energy? yeah and a portion of every sale goes to the avon foundation for women breast cancer crusade. i'm sold. new pink lemonade 5-hour energy. get the alert, energized feeling you need and support breast cancer research and access to care. 6:00. now back to new york and five five. ♪ ♪ ♪ ♪ >> greg: okay. so the guy behind the anti-muhammad film sentenced to a year in jail for violate progresprobation. if it wasn't for the pres
. >> andrea: we never heard of obama's fiscal cliff leading up to the election. >> dana: on the front page of the "new york times" today. coming up, the obama administration repeatedly blamed this american film-maker, right there, you see him, for attacksen in n libya and muslim riots in the middle east after september 11. now he is held in jail for a year. greg gutfeld has intriguing proposal for the president. it's worth sticking around for. be right back. ♪ ♪ 5-hour...
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Nov 9, 2012
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FOXNEWS
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coming up, president obama puts the dukes up for the fiscal cliff showdown with congress. we'll have the latest on the bat to avoid fiscal cliff fiasco up next on fy. so don't go away. ♪ ♪ ♪ ♪ >> dana: president obama -- greg is singing and will bring you more of that later. first talk about president obama that made remarks at the white house earlier today addressing the looming fiscal cliff and reaching a deal with congress. listen. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue. that means asking the wealthiest americans to pay a little more in taxes. i want to be clear. i'm not wedded to every detail of my plan. i am open to compromise. but i refuse to accept any approach that isn't balanced. on tuesday night, we found out that the majority of americans agree with my approach. so our job now is to get a majority in congress to reflect the will of the american people. >> dana: before the president spoke, how majority leader john boehner held a news conference on the issue, too. >> i think we both understand the tryi
coming up, president obama puts the dukes up for the fiscal cliff showdown with congress. we'll have the latest on the bat to avoid fiscal cliff fiasco up next on fy. so don't go away. ♪ ♪ ♪ ♪ >> dana: president obama -- greg is singing and will bring you more of that later. first talk about president obama that made remarks at the white house earlier today addressing the looming fiscal cliff and reaching a deal with congress. listen. >> if we're serious about reducing the...
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Nov 9, 2012
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president obama faces the fiscal cliff as we were just talking about. republicans and democrats agreeing to work together to avoid dramatic cuts that could impact everything from the defense budget to your paycheck but that agreement has to happen soon. also ahead, a setback for recovery efforts in new york and new jersey as more gas rationing takes effect this morning. we'll be right back. alright let's break it down. mom, pop it. ♪ two inches apart, becky. two inches. t-minus nine minutes. [ ding ] [ female announcer ] pillsbury cinnamon rolls. let the making begin. ♪ that's been wrapped in a flaky crust stuffed with a gooey center toasted up all golden brown then given a delicious design? a toaster strudel. pillsbury toaster strudel. so delicious...so fun. >>> people up in new york city are fuming after finding a fema mobile office closed due to bad weather. it is on staten island where people are struggling without power, food or water right now. volunteers organized their open disaster relief on facebook gathering food and clothes for disaster
president obama faces the fiscal cliff as we were just talking about. republicans and democrats agreeing to work together to avoid dramatic cuts that could impact everything from the defense budget to your paycheck but that agreement has to happen soon. also ahead, a setback for recovery efforts in new york and new jersey as more gas rationing takes effect this morning. we'll be right back. alright let's break it down. mom, pop it. ♪ two inches apart, becky. two inches. t-minus nine minutes....
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fiscal cliff. the house speaker, already drawing a line in the sand to our diane sawyer. it is a major issue facing washington. even the government says, without a deal, the results will be recession. >>> it's the candid moments so many folks are talking about today. a very emotional president obama, just hours after his big win. >>> and cancer scare for an abc star. brooke burke speaking about the health crisis and the surgery she now faces. >>> and damaged on delivery. a train survivors a transocean trip, only to be wrecked at the dock. >>> good morning, everybody. we begin with the impending budget faceoff that has the country teetering on the edge of a fiscal cliff. >> president obama will speak from the white house today about his game plan to grow the economy as well as cut the deficit. and republicans say they are ready to make it happen. abc's tahman bradley is in washington this morning. good morning, tahman. >> reporter: good morning, paula and rob. shortly after he was re-electioned, pre
fiscal cliff. the house speaker, already drawing a line in the sand to our diane sawyer. it is a major issue facing washington. even the government says, without a deal, the results will be recession. >>> it's the candid moments so many folks are talking about today. a very emotional president obama, just hours after his big win. >>> and cancer scare for an abc star. brooke burke speaking about the health crisis and the surgery she now faces. >>> and damaged on...
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a lot of people waiting to hear president obama speak today to give comments about the "fiscal cliff" that's looming and what they will do. >> they have to get that in order in a big hurry. >>> we were surprised. we both have iphones and i guess samsung has taken a bite out of apple. they are more popular, the droid? >> yeah. samsung came out swinging. the world's largest mobile phone maker sold more than 18 million of its galaxy s3 smartphones in the 3rd quarter making it one of the fastest selling smartphones in the world. by comparison, apple sold more than 16 million iphones. but a research firm says apple sales still remain strong. we knew that. apple will be all right. >> do you still have the blackberry, ashley? >> reporter: you know it! [ laughter ] >> reporter: the fossil. it's like a 4-year-old one, too. >> don't conform, keep it. >> so retro. >> reporter: no one likes change. >> ashley morrison, thank you. >> i think it's time for weather. and the guy has the storm door open, turtleneck on. we have snow and rain. >> hail! we have had like strikes taking power out around the
a lot of people waiting to hear president obama speak today to give comments about the "fiscal cliff" that's looming and what they will do. >> they have to get that in order in a big hurry. >>> we were surprised. we both have iphones and i guess samsung has taken a bite out of apple. they are more popular, the droid? >> yeah. samsung came out swinging. the world's largest mobile phone maker sold more than 18 million of its galaxy s3 smartphones in the 3rd quarter...
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Nov 9, 2012
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president obama setting the stage for a showdown with republicans over the fiscal cliff. are more party clashes about to erupt. what did you hear, john? >> i didn't hear an obama who is about to cave on any of his points. and i haven't heard any caving from the republicans. so i think we're going toward a clash. think this was a vote for a clash. election put us right back in the situation we had before and i don't think there's any difference. this was not a compromise election. it was a clash election. >> i think the president does feel he has the mandate from the voters. to me he was throwing down the gauntlet saying he appreciated mr. boehner's comments, but that the majority of americans agree with him and that those of us who make more money than others will have to pay -- >> the house republicans think that they got the majority. they say, look, we're in control of the house. don't tell us that you won that election. we did, too. so everybody's going to stick to their guns. >> i think that's why we're seeing the dow jones industrial average all over the board today
president obama setting the stage for a showdown with republicans over the fiscal cliff. are more party clashes about to erupt. what did you hear, john? >> i didn't hear an obama who is about to cave on any of his points. and i haven't heard any caving from the republicans. so i think we're going toward a clash. think this was a vote for a clash. election put us right back in the situation we had before and i don't think there's any difference. this was not a compromise election. it was a...
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dennis: president obama to speak in minutes on the looming fiscal cliff. cheryl: his comments live in moments. lori rothman and melissa francis are next. new pink lemonade 5-hour energy? 5-hour energy supports the avon foundation for women breast cancer crusade. so i can get the energized feeling i need and support a great cause? i'm sold. pink lemonade 5-hour energy? yeah and a portion of every sale goes to the avon foundation for women breast cancer crusade. i'm sold. new pink lemonade 5-hour energy. get the alert, energized feeling you need and support breast cancer research and access to care. the skin they were born with and say they'd die for darker skin. sadly, some actually do. change your thinking, not your skin. stop tanning. learn more at spotskincancer.org. >> for two days we have been listening to the panic, there's a fiscal cliff, the dow up 66 points. 443 points down in two days. >> we'r we are actually going te hearing from president obama shortly about this exact issue, the debate on the fiscal cliff. lori rothman and melissa will be joini
dennis: president obama to speak in minutes on the looming fiscal cliff. cheryl: his comments live in moments. lori rothman and melissa francis are next. new pink lemonade 5-hour energy? 5-hour energy supports the avon foundation for women breast cancer crusade. so i can get the energized feeling i need and support a great cause? i'm sold. pink lemonade 5-hour energy? yeah and a portion of every sale goes to the avon foundation for women breast cancer crusade. i'm sold. new pink lemonade 5-hour...
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president obama to address the impending fiscal cliff and a statement in the eastern tomorrow added to his schedule late this afternoon. the president is expected to lay out a number of steps required to keep our economy growing. reduce. i can't tell you how pleased i am to see th president addressing the volatility in these markets and the fundamental issues affecting the economy. the chief economist for moody's economist. >> would not put my hopes to high. more stagnatio and malaise in definitely. the administration takes a more positive approach toward promoting growth. lou: what would that be? >> they might want to pul back on regulation. they may want to pursue tax policies that are more supportive of growth. the first order of business is to resolve these issues surrounding the fiscal clef in a manner that is going to be constructive for the u.s. econy. lou: to you think that is the reason the mart is selling off? >> that is one. relating to the fiscal cliff, the market is very much interested in the manner in which might resolve the fiscal cliff. will it rely more on tax hik
president obama to address the impending fiscal cliff and a statement in the eastern tomorrow added to his schedule late this afternoon. the president is expected to lay out a number of steps required to keep our economy growing. reduce. i can't tell you how pleased i am to see th president addressing the volatility in these markets and the fundamental issues affecting the economy. the chief economist for moody's economist. >> would not put my hopes to high. more stagnatio and malaise in...
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Nov 9, 2012
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WBAL
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about avoiding the fiscal cliff. will republicans agree to tax increases? tracie potts has more. >> president obama is expected to urge congress to extend the bush tax cuts right away and cooperate to avoid the fiscal cliff. >> everyone will have to come to the table in the spirit of getting something done. >> democrats may have to take the hatchet to social security and medicare. republicans may have to raise taxes on the wealthy. john boehner signaled his party is open to new revenue. >> do not raise taxes. the government will get more revenue. >> john boehner also speaks today. >> we have to watch if the speaker and president are on different planets. >> it will still create a level of uncertainty going forward until everything is determined by a new congress. >> unemployment could hit nine per 1% next year -- unemployment could hit 9.1% next year. we could be looking at 3% growth next year. tracie potts, wbal-tv 11 news. >> now insta-weather plus and traffic pulse 11 together. >> good morning. sarah caldwell chec
about avoiding the fiscal cliff. will republicans agree to tax increases? tracie potts has more. >> president obama is expected to urge congress to extend the bush tax cuts right away and cooperate to avoid the fiscal cliff. >> everyone will have to come to the table in the spirit of getting something done. >> democrats may have to take the hatchet to social security and medicare. republicans may have to raise taxes on the wealthy. john boehner signaled his party is open to...
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presidente obama hablÓ de un tema que preocupa a norteamericanos, un precipio fiscal al comenzar en el 2013, sin tiempo de festÉjar el triunfo, llamÓ la atencion de demÓcratas y republicanos para trabajar en el asunto que estÁ en juego la recuperaciÓn economÍa, lourdes dice quÉ propone el presidente. >>> en su primer discurso en la casa blanca, luego de su reelecciÓn, el presidente obama indicÓ que estÁ abierto a c conesiones y nuevas ideas para evitar que el paÍs caiga en un precipio fiscal, invitÓ a lideres del congreso a conversar a la casa blanca. >>> extendamos recortes de impuestos ahora mismo, eliminaÁa la incertidumbre para el pueblo y pequeÑos empresarios, vetarÍa cualquier proyecto de ley que no aumente impuestos a familias con ingresos mayores de 250 mil dÓlares anuales, dijo su portavoz, los republicanos abogaron por negociaciones productivas. >>> uementar tasas de impuestos harÁ mas lenta la creaciÓn de trabajo que todo el mundo quiere, prefieren aumentar ingresos reformando el sistema tributario, y haciendo creer la economÍa guev si la economia crece es
presidente obama hablÓ de un tema que preocupa a norteamericanos, un precipio fiscal al comenzar en el 2013, sin tiempo de festÉjar el triunfo, llamÓ la atencion de demÓcratas y republicanos para trabajar en el asunto que estÁ en juego la recuperaciÓn economÍa, lourdes dice quÉ propone el presidente. >>> en su primer discurso en la casa blanca, luego de su reelecciÓn, el presidente obama indicÓ que estÁ abierto a c conesiones y nuevas ideas para evitar que el paÍs caiga en...
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president obama will address the fiscal cliff this afternoon. he will likely urge congressional leaders to work together to come up with a solution. here's what's at stake. congress and the president must reach a budget deal by the end of the year or will face a combination of tax hikes and spending cuts. the nightmare scenario will see bush-era tax cuts expire and the alternative minimum tax kick in. that means more than half of all married couples with two children will have to pay an additional $4,000 a year in taxes. families with three or more children will owe $4,700 additional taxes. a temporary payroll tax cut would also expire. the most american workers will face a 2% tax increase. there will also be automatic spending cuts to a thousand government programs. >> and those spending cuts could have a devastating effect on northern virginia. a recent study found virginia could lose thousands of jobs because it has so many defense contractors and military agencies. virginia governor bob mcdonnell is preparing for the worst. he's told state a
president obama will address the fiscal cliff this afternoon. he will likely urge congressional leaders to work together to come up with a solution. here's what's at stake. congress and the president must reach a budget deal by the end of the year or will face a combination of tax hikes and spending cuts. the nightmare scenario will see bush-era tax cuts expire and the alternative minimum tax kick in. that means more than half of all married couples with two children will have to pay an...
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fiscal cliff. a major issue that has to be solved by the end of the year. democrats and republicans say they are willing to talk but there's a major hurdle. showdown looming, as democrats and republicans strike a conciliatory tone both sides are set to collide over taxes. >> raising tax rates is unacceptable and frankly it couldn't pass the house. >> reporter: in an interview house speaker boehner drew a hard-line on raising taxes but opened the door to raising more revenue. >> i would do that if the president were serious about solving our spending problem and trying to secure our entitlement programs. >> reporter: democrats think the president has a hand date to raise taxes on families making more than $250,000 a year. >> there was a message sent to us by the american people, based on the campaign, that is, people making all this money have to contribute a little more. >> reporter: democrats and republicans set to begin talks on debt reduction hoping to avoid automatic spending cuts and tax incre
fiscal cliff. a major issue that has to be solved by the end of the year. democrats and republicans say they are willing to talk but there's a major hurdle. showdown looming, as democrats and republicans strike a conciliatory tone both sides are set to collide over taxes. >> raising tax rates is unacceptable and frankly it couldn't pass the house. >> reporter: in an interview house speaker boehner drew a hard-line on raising taxes but opened the door to raising more revenue....
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stocks have now gone negative after president obama's remarks at the top of the hour on the fiscal cliff on raising taxes. lori: you're not surprised. melissa: i don't know. remember dennis was celebrating at the end of last hour maybe this downward cycle had ended. that was enough and we were up 60 points. now we're down 11. let's head to the floor of the new york stock exchange. sandra smith is standing by. what are traders saying? >> i'm talk to one right now, ben willis. anytime president obama takes the microphone these markets sell off. that is the case in point. heard same thing from jason weisberg, anytime he takes the microphone we get a selloff. the dow has turned negative. barely negative down 10 points but a lot of traders focus on the s&p 500, a broader guage of the market, it is still positive. tech-heavy nasdaq is still leading stocks. it is positive. the focus is on the dow. if you look at a intraday chart of the dow, you'll see we hit the highs of the session just before president obama took to the mike phone. then we saw saw the big selloff. traders say uncertainty pres
stocks have now gone negative after president obama's remarks at the top of the hour on the fiscal cliff on raising taxes. lori: you're not surprised. melissa: i don't know. remember dennis was celebrating at the end of last hour maybe this downward cycle had ended. that was enough and we were up 60 points. now we're down 11. let's head to the floor of the new york stock exchange. sandra smith is standing by. what are traders saying? >> i'm talk to one right now, ben willis. anytime...
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on your side. >> straight ahead at 6:30 as president obama gets ready to speak on the fiscal cliff, bob mcdonnell put states officers on notice. >> a chilly start to the weekend. and good news, it is going to get better. good morning. it is friday, november 9. i am steve chenevy. >> i am cynnÉ simpson. let's check in with jacqui jeras. >> good morning. it brings me joy to bring you pictures like this. it is an absolutely gorgeous sunrises. had a chilly start but it looks great. not to mention in his friday today. 39 at reagan national. a little chilly in winchester. 43 in annapolis. cooler than average. mid 50's with sunshine across the board. things will warm up. we will see seasonable temperatures. if you do not have outdoor plants, you better make them now. i am thinking hiking this weekend. but as check on traffic this morning. >> hiking. we like that. on metrorail, a broken it down train at the smithsonian stop. for mark pande trains, on time, on the schedule. -- mark, penn trains. we normally back here at 650. not the case. 270, we do have the volume. and down toward 109. startin
on your side. >> straight ahead at 6:30 as president obama gets ready to speak on the fiscal cliff, bob mcdonnell put states officers on notice. >> a chilly start to the weekend. and good news, it is going to get better. good morning. it is friday, november 9. i am steve chenevy. >> i am cynnÉ simpson. let's check in with jacqui jeras. >> good morning. it brings me joy to bring you pictures like this. it is an absolutely gorgeous sunrises. had a chilly start but it...
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and again, the major developments of the day: president obama addressed the coming fiscal crisis for the first time since the election. he said again he won't accept a deal unless it includes higher taxes on the wealthy. retired general david petraeus resigned as director of the cia after acknowledging he'd had an extra-marital affair. and the u.s. supreme court agreed to hear a challenge to a landmark civil rights law, the voting rights act of 1965. and we have some dramatic photos of refugees fleeing syria online. hari sreenivasan tells us more. >> sreenivasan: they are images of the thousands of people who have escaped to turkey. watch our slideshow of refugees and turkish forces patrolling the border on the rundown. we have a follow-up to margaret warner's story about project orca, the romney campaign's massive get-out-the-vote effort. there were some glitches, as she reports. find that on "the rundown." and jeff talks to a member of the broadway hit "war horse" about bringing to life a seven- foot puppet on stage every night. all that and more is on our web site, newshour.pbs.or
and again, the major developments of the day: president obama addressed the coming fiscal crisis for the first time since the election. he said again he won't accept a deal unless it includes higher taxes on the wealthy. retired general david petraeus resigned as director of the cia after acknowledging he'd had an extra-marital affair. and the u.s. supreme court agreed to hear a challenge to a landmark civil rights law, the voting rights act of 1965. and we have some dramatic photos of refugees...
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president obama will address it head on today. we'll tell you what it means for your money. >>> tuesday's vote makes marijuana legal in colorado where nfl superstar peyton manning just invested in over two dozen pizza restaurants. >>> and newly released video of a suspected killer stealing and crashing a plane. the gruesome details ahead. >> announcer: this is "early today" for friday, november 9th, 2012. >>> good morning, everyone. i'm lynn berry, and today the focus is back to washington and whether the white house and congress can put aside campaign bitterness to reach a deal avoiding the so-called fiscal cliff. last night house speaker john boehner said he's optimistic about an agreement telling abc's diane sawer he's the most reasonable responsible person in washington but he's also not backing off his stand on tax hikes. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about. >> i made clear yesterday that raising tax rates is unacceptable. frankly,
president obama will address it head on today. we'll tell you what it means for your money. >>> tuesday's vote makes marijuana legal in colorado where nfl superstar peyton manning just invested in over two dozen pizza restaurants. >>> and newly released video of a suspected killer stealing and crashing a plane. the gruesome details ahead. >> announcer: this is "early today" for friday, november 9th, 2012. >>> good morning, everyone. i'm lynn berry, and...
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so-(b&led fiscal cliff. >> everybody hanging on. >>> and members of s.e.a.l. team 6 punished for helping out a redwood city-based company. we'll tell you exactly what they did wrong coming up next. >>> in just a few hours, president obama will address the nation from the white house. his first since winning re-election. he'll be talking about how america avoids falling off the fiscal cliff at the end of the year. tracie potts has the latest on the financial battle on capitol hill. >> reporter: this afternoon president obama is expected to urge congress to extend the bush tax cuts right away and cooperate to avoid the fiscal cliff, including big spending cuts at the end of this year. >> everyone is going to have to come to the table in the spirit of getting something done. >> reporter: that means democrats may have to take the hatchet to social security and medicare. >> they're going to have to cut some additional spending. >> reporter: and republicans may have to raise taxes on the wealthy. conservatives say that's not what house speaker john boehner meant thi
so-(b&led fiscal cliff. >> everybody hanging on. >>> and members of s.e.a.l. team 6 punished for helping out a redwood city-based company. we'll tell you exactly what they did wrong coming up next. >>> in just a few hours, president obama will address the nation from the white house. his first since winning re-election. he'll be talking about how america avoids falling off the fiscal cliff at the end of the year. tracie potts has the latest on the financial battle on...
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wake of the election that suddenly the markets are showing that there's a lot of concern about this fiscal cliff and the four trillion dollars that obama and and is going to have to push through in order to. reduction for term carson's ok i'm originally for a. recession before we talk about the future steve when i go back to you i mean let's look at the demographics of this ok and this is a tipping point in many ways and and maybe this is what the g.o.p. doesn't understand and maybe the democrats accidentally understand in their favor ok can you speak to that about the demographics of it because we have hispanics women didn't vote for great numbers i mean you know they dismissed their target. well you know alec baldwin tweeted something this morning he said when you have to ask about the election results and you ask did the rape guy win and the response is really i think your card is in trouble right now and that's part of the that's part of the problem. that's part of the problem that the republicans have this time now believe it or not a lot of women in the swing states there was that's
wake of the election that suddenly the markets are showing that there's a lot of concern about this fiscal cliff and the four trillion dollars that obama and and is going to have to push through in order to. reduction for term carson's ok i'm originally for a. recession before we talk about the future steve when i go back to you i mean let's look at the demographics of this ok and this is a tipping point in many ways and and maybe this is what the g.o.p. doesn't understand and maybe the...
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el presidente barack obama y lideres republicanos hablaron hoy sobre el abismo fiscal que tendra que enfrentar el pais para fin de aÑo...que tal.. buenas tardes.. ..mario..pero muchos se preguntan, que es el abismo fiscal y como podria afectar a los hispanos?. fernando pizarro nos explica.. en su primera aparicion en la casa blanca tras su re- eleccion, el presidente obama se refirio a que no quiere dramas para evitar el llamado "precipicio fiscal." presidente obamaestoy abierto al compromiso. estoy abierto a nuevas ideas. tengo el compromiso de resolver nuestros desafios fiscales, pero me niego a aceptar propuestas que no sean balanceadas. pero que es el precipicio fiscal? es el plazo a fin de ano para decidir si se mantienen o no las rebajas de impuestos y evitar recortes prespuestarios al gobierno federal. segun 1 economista, republicanos y democratas deberan ponerse de acuerdo para subir los ingresos del gobierno. de lo contrario. isaac cohen, economistapueden subir los impuestos porque las rebajas programadas por el presidente bush y prorrogadas por el presidente se eliminarian
el presidente barack obama y lideres republicanos hablaron hoy sobre el abismo fiscal que tendra que enfrentar el pais para fin de aÑo...que tal.. buenas tardes.. ..mario..pero muchos se preguntan, que es el abismo fiscal y como podria afectar a los hispanos?. fernando pizarro nos explica.. en su primera aparicion en la casa blanca tras su re- eleccion, el presidente obama se refirio a que no quiere dramas para evitar el llamado "precipicio fiscal." presidente obamaestoy abierto al...
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we are awaiting the very first statement from a newly reelected president obama on the fiscal crisis threatening our nation. welcome. i and shannon bream and four megyn kelly. shannon: if he and lawmakers cannot reach a deal for the end of the year, not only will there be major spending and budget cuts, but americans will see some $536 billion in additional taxes. effecting ae% of u.s. households. to the tune of $3500 on average per household. we have fox team coverage as we await the president's remark. analysis from bret baier. but first, ed henry is standing by live. what can we expect? >> good afternoon, shannon. the president will announce at the beginning of his remarks that he is inviting congressional leaders to the white house next week. as congress comes back in session. that is to try to jumpstart the conversations about the fiscal cliff. economists are predicting that we could have a double dip recession if the economy gets the double whammy of massive spending cuts kicking in on january 2. and a big tax increases kicking in. the president celebrating in chicago. the sobe
we are awaiting the very first statement from a newly reelected president obama on the fiscal crisis threatening our nation. welcome. i and shannon bream and four megyn kelly. shannon: if he and lawmakers cannot reach a deal for the end of the year, not only will there be major spending and budget cuts, but americans will see some $536 billion in additional taxes. effecting ae% of u.s. households. to the tune of $3500 on average per household. we have fox team coverage as we await the...
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to do that now as the country goes over the fiscal cliff. it's a very good question so just just imagine for a second to john boehner and you want to work with president obama how do you do that if you've demonized him to the extent that you have to his base that's one of the things that's so destructive about the what the republicans have done over the last two to four years i don't see how they go back now and start working with president obama and you know to rachel's point which he was just saying ok you know we can talk about the global economy and foreign investment stuff like that i think those are all really good ideas but every country has to wrestle with some very basic things regarding spending and taxes and we have a massive deficit in this country it's not one party's fault it's both parties fault to some extent and that's something that we have to wrestle with are we going to increase revenue are we going to cut spending we're going to do a little bit of both the republicans have given us absolutely no maneuverability on their
to do that now as the country goes over the fiscal cliff. it's a very good question so just just imagine for a second to john boehner and you want to work with president obama how do you do that if you've demonized him to the extent that you have to his base that's one of the things that's so destructive about the what the republicans have done over the last two to four years i don't see how they go back now and start working with president obama and you know to rachel's point which he was just...
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president obama faces the first challenge after his re-election avoiding a fiscal crisis that could trigger a new recession. frustration builds in the northeast as thousands remain cold and in the dark after two powerful and damaging storms. >> this happened again so soon. feel very frustrating and anxious. >> members of the elite team six are reprimanded for allegedly revealing classified information. >>> this is the "cbs morning news" for friday, of november 9th, 2012. good morning. good to be with you. i'm terrell brown. we begin in washington. there is a new sense of urgency to avert a looming fiscal crisis. it's the so-called fiscal cliff a combination of tax hikes and spending cuts scheduled to kick in next year. both democrats and republicans are talking compromise but we have heard this all before. and in the just released report from the nonpartisan congressional budget office predicts dire consequences unless it's resolved. tokyo's nikkei and hong kong hang seng were down 1% and wall street investors are selling. the dow jones industrials were down 434 points the last two days. to
president obama faces the first challenge after his re-election avoiding a fiscal crisis that could trigger a new recession. frustration builds in the northeast as thousands remain cold and in the dark after two powerful and damaging storms. >> this happened again so soon. feel very frustrating and anxious. >> members of the elite team six are reprimanded for allegedly revealing classified information. >>> this is the "cbs morning news" for friday, of november...
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with the election in the rearview mirror president obama will have to address the looming fiscal cliff before it is too late. he will talk about his plan to avoid the economic crisis. if congress fails to reach a deal on handful of issues by the end of the year. those issues include tax breaks set to expire and 800 billion in sequestration cuts. they want those owning 250,000 a year to pay more in taxes. house speaker john boehner says tax cuts are unacceptable. >> i remain optimistic we will be able to find common ground, find a way to work together. the leblgs is over. we have to get to work. >>> the congressional budgity office issuing a warning. if a compromise is not reached by the end of the year the economy could slip back into a recession. >>> law americas might not get the answers they are looking for after all about the deadly benghazi terror attacks. congressional hearings will be closed to the public. fox news learned some of the suspects in the attack were part of an egyptian terrorist group. the network made up of violent extremists is trying to develop ties with al qaeda
with the election in the rearview mirror president obama will have to address the looming fiscal cliff before it is too late. he will talk about his plan to avoid the economic crisis. if congress fails to reach a deal on handful of issues by the end of the year. those issues include tax breaks set to expire and 800 billion in sequestration cuts. they want those owning 250,000 a year to pay more in taxes. house speaker john boehner says tax cuts are unacceptable. >> i remain optimistic we...
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. >>> plus what will obama do about the looming fiscal cliff? we'll have plenty of analysis from commentators. >> and we'll hear first from the cfo of aliance. but first day two data suggested growth is picking up and inflation is moderating meaning beijing may have more scope to ease if necessary. ppi industrial output and retail sales all came in better than forecast. eunice joins us from beijing. i'd hate to suggest this is quite good timing for this data. very convenient. >> what are you suggesting? a lot of people are saying that the numbers are showing the economy is bottoming out and a lot of people do use the numbers as a guideline at least. they're saying the investment figures were encouraging. looking relatively strong. the government hasn't put up of much money in the infrastructure projects, so that's part of the equation here. other part is retail and consumption side actually look pretty good. numbers came in at 14.5% growth and that beat expectations. a lot of that was because people are buying more food as well as automobiles. n
. >>> plus what will obama do about the looming fiscal cliff? we'll have plenty of analysis from commentators. >> and we'll hear first from the cfo of aliance. but first day two data suggested growth is picking up and inflation is moderating meaning beijing may have more scope to ease if necessary. ppi industrial output and retail sales all came in better than forecast. eunice joins us from beijing. i'd hate to suggest this is quite good timing for this data. very convenient....
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is urging congress to act to avert this fiscal cliff. he is planning to meet with leaders of both parties in the white house next week. >> here is a look at some of our other top stories at this hour. cia director david petraeus has resigned to night because of an extramarital affair. in his letter of resignation, he said he asked president obama for permission to step down, saying his behavior was unacceptable as a husband and an official. president obama did accept the resignation. he said the four-star general has made our country safer and stronger. transportation officials have confirmed that they are investigating theft and misconduct by transportation department personnel. an extensive investigation has revealed employees received more than $58,000 in scrap metal proceeds over a period of five months. right now, three supervisors have been suspended without pay and a dozen employees are recommended for termination. crews continue their work to night to repair the 60 inch water main that broke a 28 and charles street -- at twentiet
is urging congress to act to avert this fiscal cliff. he is planning to meet with leaders of both parties in the white house next week. >> here is a look at some of our other top stories at this hour. cia director david petraeus has resigned to night because of an extramarital affair. in his letter of resignation, he said he asked president obama for permission to step down, saying his behavior was unacceptable as a husband and an official. president obama did accept the resignation. he...
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streeters remain cautious about the fiscal cliff. meridien equity partners' joe greco says the market doesn't expect it to be resolved this year. >> i think we're going to see a push pull back and forth and we're probably not going to see much compromise until mid to late january. if we don't get things in order by february that's when things can start to get ugly for the markets. >> reporter: with so much short- term risks, greco says retail investors are sitting on the sidelines until congress and the president reach consensus on the fiscal cliff. he says today's buyers were mostly institutional investors. >> you're going to see the bulk of volume just sit it out. because that has been what's worked in the past. if you have a position already it's probably a longer range view in which case no reason to mess around with it in the intermediary push pull. >> reporter: greco says the cliff isn't the market's only challenge. there's still europe's debt crisis and here at home. a long way to go on both the job and housing recoveries. put
streeters remain cautious about the fiscal cliff. meridien equity partners' joe greco says the market doesn't expect it to be resolved this year. >> i think we're going to see a push pull back and forth and we're probably not going to see much compromise until mid to late january. if we don't get things in order by february that's when things can start to get ugly for the markets. >> reporter: with so much short- term risks, greco says retail investors are sitting on the sidelines...
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i mean, the energy that they brought to the 2010 election around obama care, around fiscal issues, was absolutely helped. but with the disconnect is the tea party is not the republican party. and as we look, i talked yesterday about the poll that we commissioned, try not just to talk out of my hat, the poll that we commissioned with frank lund shows that 69% of americans, republicans and democrats, kwnt the country to be center right, and they're more interested in sending somebody to washington who will find a way to fix our problems than to continue just to come and fight. and so, the tea party is spot on. they're good allies and so forth and so on. but when you get a senate candidate that says that, you know, a child born as a result of rape is a gift from god, that doesn't help move us forward in the minds of the socially moderate, fiscally conservative women, in particular, that we need to be successful at the national level. >> so -- no clapping. so, here's my question for one of the things we asked keli at the end of our interview, is there room for compromise on this fiscal cli
i mean, the energy that they brought to the 2010 election around obama care, around fiscal issues, was absolutely helped. but with the disconnect is the tea party is not the republican party. and as we look, i talked yesterday about the poll that we commissioned, try not just to talk out of my hat, the poll that we commissioned with frank lund shows that 69% of americans, republicans and democrats, kwnt the country to be center right, and they're more interested in sending somebody to...
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now that the election is over, president obama shifting his focus to the looming fiscal cliff. the president delivers a big speech on the economy this afternoon. he wants the bush-era tax cuts for the wealthy to expire. but house speaker john boehner tells abc news, quote, raising tax rates is unacceptable. just 53 days left for the lame duck congress toe get a deal done. retiring senator olympia snowe not sounding overly confident a compromise can be reached. the maine republican is pleading with her party to find middle ground on a new spending ground. but she tells anderson cooper she don't like where things are headed. >> the more we prolong the uncertainty and unpredictability the more we're going to invite or trigger a financial crisis. but the uncertainty is certainly a dangerous -- it's dangerous and we're in unchartered waters. >> because of the dysfunction, the gridlock in washington. >>> a u.s. border patrol agent who died last month in a shooting near the arizona/mexico border, he was killed by a gunshot wound to the head. that's according to an autopsy report. the
now that the election is over, president obama shifting his focus to the looming fiscal cliff. the president delivers a big speech on the economy this afternoon. he wants the bush-era tax cuts for the wealthy to expire. but house speaker john boehner tells abc news, quote, raising tax rates is unacceptable. just 53 days left for the lame duck congress toe get a deal done. retiring senator olympia snowe not sounding overly confident a compromise can be reached. the maine republican is pleading...
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ktvu's claudine wong joins us live with the president's plan on how to deal with the looming fiscal cliff. >> reporter: well, president obama began his remarks saying now that the campaign is over, it's time to get back to work and there is a lot of work to do. but will there be consensus on capitol hill and will it all happen in time to avoid this fiscal cliff especially when both sides are still drawing battle lines. the speech lased eight minutes. >> on tuesday they said loud and clear that they won't tolerate dysfunction, they won't tolerate politicians who view a dirty word. >> 2013 should be the year we begin to solve our vet through tax form and entitlement reform. i'm proposing there will be a birth of fiscal cliff in a manner that ensures that 2013 is finally the clear that our government comes to grips with the major problems that are facing us us. >> i refuse to accept any approach that isn't balanced. i'm not gonna ask students and seniors and middle-class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes
ktvu's claudine wong joins us live with the president's plan on how to deal with the looming fiscal cliff. >> reporter: well, president obama began his remarks saying now that the campaign is over, it's time to get back to work and there is a lot of work to do. but will there be consensus on capitol hill and will it all happen in time to avoid this fiscal cliff especially when both sides are still drawing battle lines. the speech lased eight minutes. >> on tuesday they said loud and...
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says we could avoid the fiscal cliff. i'm michelle griego. >> and the president addressed the nation, and quick action to keep all american taxes from going up on new year's day. >> cbs5 reporter cate cauguiran watched the address and is breaks it down. >> what does it really mean for everyone in california. >> reporter: there is a new report that shows the bay area's job market could grow faster than the state of california and the nation over the next two years, but our economic growth could go downhill with this looming fiscal cliff. >> right now, if congress fails to come to an agreement on an overall deficit reduction package by the end of the year, everybody's taxes will automatically go up on january 1 january 1st. everybody's. >> reporter: just hours ago the president warned lawmakers the deadline is approaching. economists say the fiscal cliff could throw the economy back into a recession. both republicans and democrats emphasize compromise. >> this is an opportunity for the president to lead. this is his moment
says we could avoid the fiscal cliff. i'm michelle griego. >> and the president addressed the nation, and quick action to keep all american taxes from going up on new year's day. >> cbs5 reporter cate cauguiran watched the address and is breaks it down. >> what does it really mean for everyone in california. >> reporter: there is a new report that shows the bay area's job market could grow faster than the state of california and the nation over the next two years, but...
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fiscal cliff. tax increases and spending cuts are due to hit in january, but today it seemed the two leaders and the bipartisan deal are still worlds apart. steve handelsman is on capitol hill with more on that. steve? >> you got it right. this is a restart of a high-stakes negotiation between those two men. the president and the speaker. the problem is beginning today where they left off, which is far apart. in a speech at the white house, president obama claimed the election proved most americans agree with his plan. that he calls balanced. cutting spending and hiking taxes to avoid the fiscal cliff. he said he's flexible -- >> but i refuse to accept any approach that isn't balanced. i am not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. >> reporter: he's calling in members of congress for fiscal cliff meetings next week. but the main republican negotiator, again, will
fiscal cliff. tax increases and spending cuts are due to hit in january, but today it seemed the two leaders and the bipartisan deal are still worlds apart. steve handelsman is on capitol hill with more on that. steve? >> you got it right. this is a restart of a high-stakes negotiation between those two men. the president and the speaker. the problem is beginning today where they left off, which is far apart. in a speech at the white house, president obama claimed the election proved most...